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IC UC AT ICSC PARTY

IC UC AT ICSC PARTY
Andrew Knox Stan Sonenshine Preferred Real Estate Fund ICSC Political Action Committee party cinco Mexican Cantina akers mill Chastain Square Office Park
Last night, we ran into Preferred Real Estate Fund's  Andrew Knox and  Stan Sonenshine  at the ICSC Political Action Committee party at Cinco Mexican Cantina on Akers Mill. While PREF owns a majority of retail in its portfolio, Stan and Andrew tell us they're underwriting more office and industrial than retail, and that the underlying real estate  more often trumps whatever building is in place. Andrew says PREF is still active in seeking  investment deals in all commercial categories between $2M and $10M. The firm most recently purchased Chastain Square Office Park, a 20K SF small office complex in Buckhead. ?We are looking for more deals like that—localized niche type real estate closer in to Atlanta, where the underlying real estate becomes a  big component of the value,? Andrew says. Look for extended ICSC coverage in Bisnow tomorrow.
Related Topics: Akers Mill